The author is a Forbes contributor. The opinions expressed are those of the writer.

Loading ...

Loading ...

This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Barclays High Yield Bond ETF (JNK), where 22,750,000 units were destroyed, or a 7.9% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Guru Activist Index ETF (ACTX), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of ACTX, in morning trading today Adobe Systems (ADBE) is off about 1.1%, and Agrium (AGU) is lower by about 1.6%.